https://www.taxtmi.com/caselaws?id=764422 A commercial loan and pledge dispute governed by contractual remedies and arbitration clauses did not disclose prima facie criminality where the FIR allegations concerned loan recall, security enforcement, pledged share valuation, alleged under-disbursal, and transfer-related losses already raised in civil and arbitral proceedings. The Court found that the complaint repackaged contractual grievances as offences without material showing cheating, forgery, conspiracy, or other criminal intent, and noted suppression of prior proceedings and unexplained delay in initiating criminal process. Continuing the FIRs and connected ECIR would have improperly converted a civil dispute into criminal pressure and pre-empted arbitral adjudication, so both were quashed as an abuse of process. en-us Fri, 20 Dec 2024 00:00:00 +0530 Fri, 10 Jan 2025 08:57:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764422 A commercial loan and pledge dispute governed by contractual remedies and arbitration clauses did not disclose prima facie criminality where the FIR allegations concerned loan recall, security enforcement, pledged share valuation, alleged under-disbursal, and transfer-related losses already raised in civil and arbitral proceedings. The Court found that the complaint repackaged contractual grievances as offences without material showing cheating, forgery, conspiracy, or other criminal intent, and noted suppression of prior proceedings and unexplained delay in initiating criminal process. Continuing the FIRs and connected ECIR would have improperly converted a civil dispute into criminal pressure and pre-empted arbitral adjudication, so both were quashed as an abuse of process. Case-Laws Money Laundering Fri, 20 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764422